Title and benefit
Legal ownership and economic benefit can sit in different places, particularly where trustees, custodians or pooled funds are involved.
THE ATLAS / OWNERSHIP
Ownership is a relationship.
Separate legal title, economic interests, borrowing and investment. A financial connection does not necessarily confer operational control.
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Debt is not equity
A secured lender holds rights under a loan and security arrangement. A mortgage is not equivalent to outright ownership of the home. Loan security.
Indirect investment
A super member has an interest under fund rules. That does not give the member direct control over each underlying business. Super explained.
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